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Also on our Radar on 25 April 2021
EFG Hermes Corp Solutions has received some EGP 500 mn-worth of loan requests from brokerages looking to finance margin trades…
Minapharm to manufacture Sputnik V in Egypt
Minapharm will manufacture in Egypt some 40 mn doses per year of Russia’s Sputnik V vaccine under an agreement with…
Also on our Radar on 21 April 2021
Egypt and Sudan are setting up an investment JV that will aptly be called the Egyptian-Sudanese Company, Amwal Al Ghad…
It’s official: 4 investors are in the bidding war for Alex Medical
Healthcare investment firm Seha Capital is the latest to throw its hat in the ring for Alexandria Medical Services as…
Egypt’s banking sector likely second fastest-growing in MENA, EFG says in earnings preview
Aggregate earnings of Egypt’s listed banks are expected to have grown 10% y-o-y in 1Q2021, reversing a trend of anemic…
Sodic taps EFG Hemes to advise on acquisition bid
Sodic appointed EFG Hermes to act as its financial advisor in Aldar Properties’ bid to acquire 51% of the Egyptian…
EFG board greenlights Arab Investment Bank acquisition
EFG Hermes and the Sovereign Fund of Egypt are getting closer to acquiring a combined 76% stake in the Arab…
Red hot
The bidding war for Alexandria Medical looks to be heating. EGX-listed Cleopatra Hospitals Group (CHG) is now reportedly throwing its…
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